Section 45, 68 of Income Tax Act, 1961—Long term capital gain—In the instant case, assessee’s sole substantive ground challenges both the lower authorities’ identical action terming its Long Term Capital Gains of 34,25,766/- to be bogus thereby adding the same as unexplained cash credits u/s. 68 of the Act.

Held that— We afforded sufficient opportunity to the Revenue for indicating any material on record indicating the assessee’s nexus with the alleged share price rigging or her name having specifically mentioned in any search statement. There is no such material forthcoming from the case file. We therefore adopt the above detailed reasoning mutatis mutandis to delete the impugned addition of unexplained LTCG.[SMT. NALINI BOTHRA C/O S.L. KOCHAR VERSUS INCOME TAX OFFICER, WARD-35 (3) , KOLKATA] [2018] [7] [ITCD Online] [29] [ITAT KOLKATA]